Wells Fargo & Company (NYSE: WFC) is hosting a free Home Preservation Workshop for Orlando area Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited nearly 14,000 mortgage customers to the free workshop which will be held on Wednesday, November 14 from 9 a.m. to 7 p.m., at the Orange County Convention Center – Hall West A3, located at 9800 International Drive in Orlando. Parking is free.
At the event, customers who meet basic guidelines may begin the process of applying for Florida’s Hardest Hit program, which provides up to 12 months of mortgage payments for those who are unemployed or underemployed.
Some Wells Fargo customers – those whose loans are both serviced and owned by Wells Fargo – may be eligible for options created by a settlement with attorneys general in Florida and elsewhere. Homeowners whose loans are “under water” – meaning they owe more on their mortgage than the value of their home – may be eligible to refinance their loan based on criteria including demonstrating ability to repay. Depending on eligibility for a loan modification, homeowners who are behind on their payments may also receive a principal reduction on their mortgage.
“We’re working hard to do what we can to help our customers stay in their homes and avoid foreclosure,” said Larisa Perry, Central Florida Regional President. “Typically, we are successful helping two out of three customers who attend the workshop with a solution such as a workout or modification."How to register for Wells Fargo’s Orlando Home Preservation Workshop Walk-ins are welcome, although registration is strongly recommended in order to guarantee the ability to meet one-on-one with a representative. Customers should register by Monday, November 12, 2012 at www.wfhmevents.com/leadingthewayhome or call 1-800-405-8067 for more information. “Although less than 2 percent of homeowner-occupied loans in our servicing portfolio have resulted in foreclosure sale over the past year, we understand that some of our customers are going through difficult times during this economic recovery,” said Hugh Rowden, Wells Fargo Home Mortgage regional servicing director. “During this free workshop, Wells Fargo Home Mortgage customers who are faced with payment challenges will have the opportunity to meet face-to-face with our home preservation specialists to explore the options available to them. Our goal with this workshop is to help as many people as possible preserve homeownership.”